American consumers are putting the brakes on spending as intensifying inflationary pressures — notably high gas prices — and persistent high employment fuel growing concerns about the economy, according to payment processor First Data. According to payment-card data tracked by Atlanta-based First Data, growth in consumers’ total spending and shopping occasions slowed significantly compared with a year earlier. First Data found in its May 2011 “SpendTrend” report ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?